You may recall President Clinton's statement that "it depends on what you mean by the word, 'is.'" I think Clinton made a good point, and I often find myself citing this line, as I think it has extensive relevance, given many words' or phrases' varied meanings....
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
![The use of words: taking a cue from President Clinton](https://tsgperformance.com/wp-content/uploads/2013/07/word-art.jpg)
The use of words: taking a cue from President Clinton
![Enroll in Automobile University](https://tsgperformance.com/wp-content/uploads/2013/07/automobile-university.jpg)
Enroll in Automobile University
The late motivational speaker and author, Zig Ziglar, coined the phrase "automobile university," to refer to the use of the time spent behind the wheel to expand one's education. He suggested that many drivers can increase their knowledge about a variety of...
![Happy July 4th](https://tsgperformance.com/wp-content/uploads/2013/07/declaration.jpg)
Happy July 4th
The markets in the United States are closed today, in observance of July 4th. July 4th has a special personal meaning for me, for that's the day in 1970 that I met the young lady who would (two years later) become my wife; we have been married for over 40 years and...
![CIPM Program: a way to benefit your colleagues, the industry, and yourself! (pretty cool)](https://tsgperformance.com/wp-content/uploads/2013/07/cipm1.png)
CIPM Program: a way to benefit your colleagues, the industry, and yourself! (pretty cool)
TSG remains big fans of the CIPM(R) program, and so, we are posting details that were recently sent out via an email from the CFA Institute. Building a better investment industry starts with you. By referring a colleague to the newly enhanced CIPM...
![Cash can be such a drag …](https://tsgperformance.com/wp-content/uploads/2013/07/calculate-9.jpg)
Cash can be such a drag …
A TSG verification client contacted me with a non-GIPS(R) (Global Investment Performance Standards) related question, which I want to share with you, as I think it has wide applicability.They have a commingled vehicle that restricts cash flows to always occur on the...
![Relevant and meaningful sunset rules](https://tsgperformance.com/wp-content/uploads/2013/07/sunset-2.gif)
Relevant and meaningful sunset rules
As noted last week, firms that comply with the Global Investment Performance Standards (GIPS(R)) are now given the opportunity to no longer disclose composite name changes when they are deemed to be no longer "relevant and meaningful." I think it's fair to interpret...
![GIPS standards changes via the Handbook](https://tsgperformance.com/wp-content/uploads/2013/06/discover.jpg)
GIPS standards changes via the Handbook
We are discovering new changes to GIPS(R) (Global Investment Performance Standards) that have been introduced through the most unusual ways: not as part of the Standards, but simply as Q&As or notes. How are we to learn of these? I guess by reading the...
![Get ready for a bump in 5-year return numbers](https://tsgperformance.com/wp-content/uploads/2013/06/graph.gif)
Get ready for a bump in 5-year return numbers
When I was mayor of the Township of North Brunswick (NJ: 2000-2003), I commented how I could envision the huge potential benefits that would accrue in 2010, when the town's debt obligations would drop significantly (the idea of offering a sizable tax decrease to the...
![Extending GIPS to asset owners](https://tsgperformance.com/wp-content/uploads/2013/06/writing-2.jpg)
Extending GIPS to asset owners
I wrote an article for Pension & Investments regarding the expansion of the GIPS(R) standards (Global Investment Performance Standards) to plan sponsors. It was recently published and appears in the June 10 edition. I am very excited that it got published; not...
![Who’s on zero?](https://tsgperformance.com/wp-content/uploads/2013/06/zero.jpg)
Who’s on zero?
In this month's soon-to-be-published TSG newsletter, I comment a bit about the decision not to have a 2015 edition of the Global Investment Performance Standards (GIPS(R)), and provide the results (meager as they may be) from a mini (talk about an accurate term!)...